Exam (elaborations)
PROJECT MANAGEMENT MODULE (IFMA FMP) EXAM QUESTIONS AND ANSWERS 100 % PASS SOLUTION A+ GRADE
- Course
- Institution
PROJECT MANAGEMENT MODULE (IFMA FMP) EXAM QUESTIONS AND ANSWERS 100 % PASS SOLUTION A+ GRADE
[Show more]
Content preview
PROJECT MANAGEMENT MODULE (IFMA FMP) EXAM 2024-2025QUESTIONS AND ANSWERS 100 % PASS SOLUTION A+ GRADE
What is the purpose of retainage? To ensure no liens remain on project work at project
closure Your answer is correct.
Auditing the emergency change control process is a process- oriented quality assurance audit
because it verifies the right tasks are being done. Quality assurance is a process-oriented set
of tools and techniques to monitor and control a project's processes with a goal of assuring
that the project will meet its objectives.(Reference: 4-2-2)
Which is true of change control? _ A standardized change communications process is the key to
avoiding an emergency atmosphere for enacting changes. Your answer is correct.
What is developed to review a final deliverable from an entire system perspective? The
correct answer is: Checklist reviews
Which statement is true about the documentation for project closure? The correct answer is:
Documentation may include operations and maintenance manuals.
If an organization has narrowed the list of contractors submitting proposals but is still having
trouble deciding between them, what could help? The correct answer is: Bidder presentations
Which pre-project actions reduce risk and increase the probability of project success? The
correct answer is: Pre-select contractors
The change order process includes a standardized way to communicate changes to affected
parties so that the changes can be understood and incorporated into routine work.(Reference:
4- 2-2)
What process is verifying the scope primarily part of?
deliverable and task acceptance. Your answer is correct.
,Verifying the scope is a deliverable and task acceptance process that occurs once work is
completed on a project or a phase of the project. The other options are parts of the control
scope process.(Reference: 4-2-2)
Which is a constructive use of rewards and recognition in project team management?
Preferring team rewards over individual rewards. Your answer is correct.
Team rewards are preferred over individual rewards because team rewards foster team
cohesiveness.(Reference: 4-2-2)
A facility management (FM) organization is searching for a general contractor for a capital
construction project. What would allow the project manager to see which contractor has the
lowest price on carpeting or tile work? Standardized bid proposal form Your answer is correct.
A standardized proposal form permits review of bids on a table comparing each bidder for each
line item. For construction projects, bidders submit a table of bids for each line item in the
detailed bid form (e.g., finish hardware, interior woodwork, etc.). (Reference: 4-1-3)
What can be done to better ensure a project will meet its deadline, while final contract
negotiations are proceeding?
Get a letter of intent Your answer is correct.
A letter of intent can be issued by the owner to the contractor to allow work to begin prior to
execution of the formal contract.(Reference: 4-1-4)
An organization using open tender/bidding is having difficulty finding qualified contractors
because it has limited funds. What can be done to limit costs and increase the chances of
finding a qualified contractor? Allow the work to be conducted off-site. Your answer is
correct.
Allowing the work to be conducted off-site may allow for a wider search area for contractors
(national or international). Offering a bonus fails to limit costs. Hourly rate contracts offer less
price stability for budgets and so may fail to limit costs. (Reference: 4-1- 3)
, What does a standard statement of qualifications NOT ask of contractors? _A letter of
intent Your answer is correct.
Everything listed except the letter of intent is requested from contractors in a standard
statement of qualifications. A letter of intent is issued by the owner, not the contractor.
(Reference: 4-1- 4)
What indicates that bidders on a construction project have a clear understanding of the
project's needs? Receiving proposals that are less than 10 percent apart in price. Your
answer is correct.
A lagging indicator of a clearly defined request is that the price range of proposals received is
within 10 percent of one another. Receiving bids in a wider range indicates that bidders made
differing assumptions. Therefore, bid requests must be clear enough that bidders know what
the project requires, for example, construction drawings or specifications can only be
interpreted one way and require no clarification. (Reference: 4-1-3)
What is generally true of evaluating project outcomes?
Project managers investigate the root causes of success as much as of failures. Your answer is
correct.
Evaluating project outcomes typically includes conducting an evaluation to determine the
success or failure of the project as well as the root causes of the success/failure and the
lessons learned.(Reference: 5-2-2)
Which is true about documentation for project closure?
Documentation may include operations and maintenance manuals. Your answer is correct.
Product documentation is produced when closing projects, including operations and
maintenance manuals. Project closure documentation (not product documentation) formally
ends a project. Incomplete deliverables could be accepted if a project or contract is
terminated early. If a budget limit is not part of a deliverable's acceptance criteria, it is not a
valid reason for rejecting a deliverable.(Reference: 5-2-2)
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller dennohz2000. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $7.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
79373 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now